Overview

A class action lawsuit has been filed against LKQ Corporation (“LKQ” or the “Company”) (NASDAQ : LKQ) and certain of the Company’s senior officers (collectively, “Defendants”), alleging violations of the federal securities laws. The LKQ lawsuit is brought on behalf of all persons and entities who purchased or otherwise acquired LKQ common stock between February 27, 2023, and July 23, 2025, inclusive (the “Class Period”). Investors have until June 22, 2026, to seek appointment as lead plaintiff of the LKQ class action lawsuit.

The complaint alleges that LKQ and certain of its senior executives made materially false and misleading statements regarding the Company’s acquisition of Uni-Select Inc. and the integration of its U.S. subsidiary, FinishMaster. LKQ repeatedly touted the transaction as a “compelling strategic fit” with “minimal integration risk,” and assured investors that the integration would drive revenue growth, generate significant synergies, and strengthen LKQ’s competitive position.

In reality, the FinishMaster business was allegedly losing key customers and market share, even prior to the acquisition, and these losses continued and worsened during the integration process. Defendants are alleged to have concealed these adverse trends while continuing to promote the acquisition’s benefits and expected synergies, thereby inflating LKQ’s stock price.

The truth began to emerge on April 23, 2024, when LKQ lowered its financial guidance, citing weakness in its North American segment, and announced the departure of its CEO. On this news LKQ’s stock price declined $7.28 per share, or nearly 15%.

Additional disclosures followed. On July 25, 2024, LKQ reported disappointing earnings and further reduced guidance, causing its stock price to fall $5.53 per share, or 12.4%. On October 24, 2024, the Company revealed that FinishMaster had been losing significant customers and business since before the acquisition.

Then, on April 24, 2025, LKQ disclosed continued market share losses and missed revenue and margin targets, leading to another stock price decline of $4.87 per share, or 11.6%.

Finally, on July 24, 2025, LKQ reported further deterioration in margins due to competitive pressures, triggering an additional stock price drop of $6.68 per share, or17.8%.

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If you purchased or otherwise acquired LKQ common stock between February 27, 2023, and July 23, 2025, and you wish to serve as lead plaintiff in this lawsuit, you are encouraged to submit your information to DiCello Levitt LLP via the form on this page. 

You can also contact DiCello Levitt attorneys Brian O’Mara and Hani Farah by calling (888) 287-9005 or at investors@dicellolevitt.com. 

The deadline to apply to the Court to serve as a lead plaintiff in the LKQ class action lawsuit is June 22, 2026.